Model Design and Strategy for Integrated Management and Control of Enterprise Risk

Integrated management and control of enterprise risk is not strictly a serial process that is made beforehand, it will be adjusted as the situation and environment changing. This paper develops an analytical model for integrated management and control of enterprise risk. In this model, disclosures provide information about firm value to future investors. A key feature of the model is that the hierarchical functional structure referred to as "tiers" is draw-out for identification and assessment of enterprise risk. And the process of enterprise risk management and control is derived. Integrated management and control of enterprise risk is not strictly a serial process that is made beforehand, it will be adjusted as the situation and environment changing. This paper develops an analytical model for integrated management and control of enterprise risk. In this model, disclosures provide information about firm value to future investors. A key feature of the model is that the hierarchical functional structure referred to as "tiers" is draw-out for identification and assessment of enterprise risk. And the process of enterprise risk management and control is derived.